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Piramal Fin raises ₹2.9K cr via bonds backed by MFs
Business Standard
|June 17, 2025
Piramal Finance on Monday raised ₹2,950 crore through bonds issued in three tranches, with coupon rates ranging from 9.10 per cent to 9.25 per cent, sources said.
The non-banking financial company (NBFC) arm of Piramal Enterprises raised ₹500 crore through bonds maturing in 22 months at a coupon rate of 9.10 per cent per annum, payable annually. Additionally, it raised ₹2,050 crore via 24-month bonds at a 9.15 per cent annual coupon, and ₹400 crore through 5-year bonds carrying a coupon of 9.25 per cent per annum, which are also payable annually.
This story is from the June 17, 2025 edition of Business Standard.
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